TORONTO, Nov. 24, 2015 – GENCO, a leader in supply chain, warehousing and transportation management solutions, and its customer, The Hershey Company, are the Winners of the prestigious Logistics Quarterly (LQ) 2015 Third Party Logistics (3PL) Sustainability Study Award. This annual awards program recognizes third-party logistics providers that work closely with their customers to demonstrate leadership and innovation in sustainable supply chain practices.
GENCO and Hershey were recognized for implementing innovative, sustainable practices that have resulted in improved service, environmental performance, and cost effectiveness in Hershey’s, as well as other GENCO customers’ supply chain operations.
The LQ 3PL Sustainability Award Evaluation Committee selected GENCO as the Best 2015 3PL Performer in Sustainability Winner, representing the finest of the three finalists. GENCO will be presenting at LQ’s Symposium in Toronto, Canada, on November 5. In addition to collaboration, LQ’s Evaluation Committee considered each 3PL finalist’s strategic vision in this area, as well as their performance in economic, environmental and societal areas of sustainability.
The three finalists were selected by LQ’s Executive Editors, Dave Closs, PhD, LQ Executive Editor, and Professor, Michigan State University; and Thomas Goldsby, PhD, The Ohio State University, based on applications submitted earlier this year by 3PLs and their clients documenting their best practices together.
At LQ’s November 5th Symposium, which was held at the University Club of Toronto, it was noted that this year LQ’s 3PL Sustainability Study and Awards Program had some 178 unique entries from leading logisticians from across North America, by LQ’s Executive Editor, Dr. Thomas Goldsby, Professor of Logistics, The Ohio State University.
LQ’s team also expressed its appreciation to leading Canadian and American organizations for
their contribution to the success of this year’s program, including: The Canadian Institute of Traffic and Transportation (CITT); The Canadian International Freight Forwarding Association (CIFFA); The International Association for Contract and Commercial Management (IACCM); The National Shippers Strategic Transportation Council (NASSTRAC); The Transportation Intermediaries Association (TIA); The Transportation Marketing and Sales Association (TMSA); Women In Trucking
About LQ’s SC Study and Awards Program
This year LQ’s 3PL Sustainability Study and Awards Program introduced a data-driven benchmarking approach to help companies reduce costs, enhance performance, and reduce waste, through the study’s introduction of a new supply chain maturity matrix. This year LQ’s Study and Awards Program contained two sections; a newly introduced Supply Chain Benchmarking Study included in the First Section of LQ’s 3PL Sustainability Study, as well as the traditional Second Section that is comprised of case-study oriented questions. Participants were required to complete both sections to be candidates for placement in LQ’s 3PL Sustainability Study and Awards Symposium (2015). For more information, please visit: www.LogisticsQuarterly.com
GENCO, a subsidiary of FedEx Corp. (NYSE: FDX), is a leading supply chain solution provider specializing in product lifecycle logistics® for technology, retail, consumer and industrial goods, and healthcare industries. Operating more than 38 million square feet throughout North America, GENCO provides a comprehensive range of integrated logistics services to enable growth, minimize cost, mitigate supply chain risk, and improve customer service. Services include inbound logistics, warehousing and distribution, fulfillment, contract packaging and product configuration, systems integration, returns processing and disposition, test, repair, refurbishment, product liquidation, and managed transportation. Visit genco.com for more information.